The emotional and financial challenges in providing assisted living for parents, who are now living longer:
“Since then, Daddy’s long goodbye has drained his retirement income and life savings of more than $300,000. Where’s that money gone? Assisted living, mostly. Of course, that amount doesn’t account for his medical bills, most of which have been paid by Medicare and insurance policies that were part of his retirement. Daddy’s income—Social Security, plus monthly checks from two pensions—pays for the facility where he lives, his taxes, his life insurance policy premiums, and such incidentals as a visiting podiatrist to clip his nails.
“And he has been kicked out of two hospices for not dying.”
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